Sheehan & Associates, P.L.C.

Business Law Archives

Don't make the mistake of paying the wrong minimum wage

The federal government has a minimum wage set by law. That figure represents the lowest possible rate that employers can pay their workers in any state in this country. That rate was recently increased to $9.65 for most residents at the beginning of this year. There are a few different types of workers that you don't have to pay this much though.

What does a partnership agreement need?

When you go into business with a good friend or relative, it can be tempting to believe that you don't really need to have a formal partnership agreement. But partnership agreements aren't designed to cause disputes. They're designed to prevent them. When an agreement is in writing, everyone can easily stay on the same page.

Michigan aims civil lawsuits against pharmacies over opioids

Attorney General Dana Nessel of Michigan has filed a lengthy complaint against a number of pharmacies in the state, alleging that they have all become part of the "illegal drug market" and are, therefore, liable for civil damages under the 1994 Drug Dealer Liability Act.

How to sell the family business

You may have dreamed of passing the family business down to your children and your grandchildren, hoping your enterprise would grow. However, that's often not how it works. Many family businesses that survive their founders don't have any clear heir to take the place of the original owner.

Sub-S corporations: What are they and why have one?

A Subchapter S (Sub-S) corporation is a type of business that meets specific requirements laid out by the Internal Revenue Service (IRS). In essence, it allows small companies with a limited number of shareholders (under 100) to enjoy the benefits of incorporating while still keeping the same tax rate as a partnership.

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Sheehan & Associates, P.L.C.
1460 Walton Blvd , Suite 102
Rochester Hills, MI 48309

Toll Free: 877-600-7891
Phone: 248-218-1473
Fax: 248-650-5368
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